Archive for May 20th, 2011

Foreign Exchange Insights and Next Week

Next Week

May 20, 2011

Next week begins with Canadian markets closed Monday for Victoria Day and the U.S. Treasury market shutting early afternoon on  Friday for the Memorial Day weekend.  The Bank of Japan will publish its monthly economic assessment and release minutes of a previous meeting, and policymakers in Colombia and Mexico will be holding interest rate-setting meetings. […] More

Foreign Exchange Insights and Next Week

Storm Clouds Over All the Major Currencies

May 20, 2011

The industrialized economies share many common problems and challenges.  Recovery from the financial crisis and Great Recession has been uneven and frustratingly moderate on the whole.  The scent of possible stagflation fills the air.  Fiscal deficits need to be reined in, and exit strategies from unsustainably loose monetary policies either remain in early planning stages […] More

Central Bank Watch

Bank of Japan Counting on a Recovery — Eases No Further

May 20, 2011

The Bank of Japan decided by a 9-0 vote not to loosen further its already accommodative stance in spite of worse-than-forecast GDP data that showed an annualized contraction of 3.4% over the two quarters between 3Q10 and 1Q11.  More significant negative growth is forecast for the present quarter, and 3Q11 may be suspect as well.  […] More

New Overnight Developments Abroad - Daily Update

Thank God It’s Friday and a Quiet One at That

May 20, 2011

Not to much is happening this Friday.  No U.S. data releases are scheduled.  The euro has dipped back under $1.43.  The Bank of Japan made no further changes at this month’s Policy Board meeting despite a big drop in the latest all-industry index reading.  French Finance Minister Legarde appears to be the front-runner to succeed […] More

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